UFP Technologies Inc (UFPT) — Stock Correlations & Overview
Over the past year, UFPT has moved most closely with MED, GRPZ, TCMD. Explore the stocks most correlated and inversely correlated with UFPT below, along with its price, financials, and company profile.
Stocks correlated with UFPT
Correlation of daily returns. Higher positive values move with UFPT; negative values move opposite it. Informational only, not investment advice.
Most correlated with UFPT
| Symbol | Company | Correlation |
|---|---|---|
| MED | Medifast, Inc.MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS | 0.51 |
| GRPZ | Invesco S&P SmallCap 600 GARP ETFINVESTMENT ADVICE | 0.49 |
| TCMD | Tactile Systems Technology, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.48 |
| HLMN | Hillman Solutions Corp. Common StockCUTLERY, HANDTOOLS & GENERAL HARDWARE | 0.48 |
| XHE | State Street SPDR S&P Health Care Equipment ETF | 0.48 |
Frequently asked questions about UFPT correlations
- Which stocks are most correlated with UFPT?
- Based on one year of daily returns, the stocks most correlated with UFP Technologies Inc (UFPT) are MED (0.51), GRPZ (0.49) and TCMD (0.48). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with UFPT?
- Over the past year, the stocks most inversely correlated with UFP Technologies Inc (UFPT) are SBB (-0.42), SDD (-0.42) and DXD (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these UFPT correlations calculated?
- We compute the correlation of daily returns between UFPT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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